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Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value of Derivative Financial Instruments

The following tables present the fair value of Customers' derivative financial instruments as well as their presentation on the balance sheet as of March 31, 2019 and December 31, 2018.

		March 31, 2019
		Derivative Assets						Derivative Liabilities
(amounts in thousands)		Balance Sheet Location		Fair Value				Balance Sheet Location		Fair Value
Derivatives designated as cash flow hedges:
Interest rate swaps		Other assets		$	38			Other liabilities		$	8,636
Total				$	38					$	8,636
Derivatives not designated as hedging instruments:
Interest rate swaps		Other assets		$	14,369			Other liabilities		$	15,136
Credit contracts		Other assets		181				Other liabilities		65
Residential mortgage loan commitments		Other assets		77				Other liabilities		—
Total				$	14,627					$	15,201

		December 31, 2018
		Derivative Assets						Derivative Liabilities
(amounts in thousands)		Balance Sheet Location		Fair Value				Balance Sheet Location		Fair Value
Derivatives designated as cash flow hedges:
Interest rate swaps		Other assets		$	256			Other liabilities		$	1,502
Total				$	256					$	1,502
Derivatives not designated as hedging instruments:
Interest rate swaps		Other assets		$	14,300			Other liabilities		$	14,730
Credit contracts		Other assets		68				Other liabilities		54
Residential mortgage loan commitments		Other assets		69				Other liabilities		—
Total				$	14,437					$	14,784

Effect of Derivative Financial Instruments on Comprehensive Income

The following tables present the effect of Customers' derivative financial instruments on comprehensive income for the three months ended March 31, 2019 and 2018.

	Three Months Ended March 31, 2019
(amounts in thousands)	Income Statement Location		Amount of Income (Loss) Recognized in Earnings
Derivatives not designated as hedging instruments:
Interest rate swaps	Other non-interest income		$	(287	)
Credit contracts	Other non-interest income		102
Residential mortgage loan commitments	Mortgage banking income		8
Total			$	(177	)

	Three Months Ended March 31, 2018
(amounts in thousands)	Income Statement Location		Amount of Income (Loss) Recognized in Earnings
Derivatives not designated as hedging instruments:
Interest rate swaps	Other non-interest income		$	385
Credit contracts	Other non-interest income		(23		)
Residential mortgage loan commitments	Mortgage banking income		23
Total			$	385

	Three Months Ended March 31, 2019
(amounts in thousands)	Amount of Gain (Loss) Recognized in OCI on Derivatives (1)				Location of Gain (Loss) Reclassified from Accumulated OCI into Income		Amount of Gain (Loss) Reclassified from Accumulated OCI into Income
Derivatives in cash flow hedging relationships:
Interest rate swaps	$	(5,135	)		Interest expense		$	413

	Three Months Ended March 31, 2018
(amounts in thousands)	Amount of Gain (Loss) Recognized in OCI on Derivatives (1)				Location of Gain (Loss) Reclassified from Accumulated OCI into Income		Amount of Gain (Loss) Reclassified from Accumulated OCI into Income
Derivatives in cash flow hedging relationships:
Interest rate swaps	$	646			Interest expense		$	(131	)

(1) Amounts presented are net of taxes. See NOTE 4 - CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) for the total effect on other comprehensive income (loss) from derivatives designated as cash flow hedges for the periods presented.

Summary of Offsetting of Financial Assets and Derivative Assets

Offsetting of Financial Assets and Derivative Assets

At March 31, 2019

	Gross Amount of Recognized Assets				Gross Amounts Offset in the Consolidated Balance Sheet				Net Amounts of Assets Presented in the Consolidated Balance Sheet				Gross Amounts Not Offset in the Consolidated Balance Sheet
(amounts in thousands)													Financial Instruments				Cash Collateral Received				Net Amount
Description
Interest rate swap derivatives with institutional counterparties	$	3,816			$	—			$	3,816			$	—			$	—			$	3,816

Offsetting of Financial Assets and Derivative Assets

At December 31, 2018

	Gross Amount of Recognized Assets				Gross Amounts Offset in the Consolidated Balance Sheet				Net Amounts of Assets Presented in the Consolidated Balance Sheet				Gross Amounts Not Offset in the Consolidated Balance Sheet
(amounts in thousands)													Financial Instruments				Cash Collateral Received				Net Amount
Description
Interest rate swap derivatives with institutional counterparties	$	7,529			$	—			$	7,529			$	—			$	1,860			$	5,669

Summary of Offsetting of Financial Liabilities and Derivative Liabilities

Offsetting of Financial Liabilities and Derivative Liabilities

At March 31, 2019

	Gross Amount of Recognized Liabilities				Gross Amounts Offset in the Consolidated Balance Sheet				Net Amounts of Liabilities Presented in the Consolidated Balance Sheet				Gross Amounts Not Offset in the Consolidated Balance Sheet
(amounts in thousands)													Financial Instruments				Cash Collateral Pledged				Net Amount
Description
Interest rate swap derivatives with institutional counterparties	$	20,036			$	—			$	20,036			$	—			$	19,462			$	574

Offsetting of Financial Liabilities and Derivative Liabilities

At December 31, 2018

	Gross Amount of Recognized Liabilities				Gross Amounts Offset in the Consolidated Balance Sheet				Net Amounts of Liabilities Presented in the Consolidated Balance Sheet				Gross Amounts Not Offset in the Consolidated Balance Sheet								Net Amount
(amounts in thousands)													Financial Instruments				Cash Collateral Pledged
Description
Interest rate swap derivatives with institutional counterparties	$	9,077			$	—			$	9,077			$	—			$	702			$	8,375

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